Fri, 20 Jan 2017 | COMMERCIAL PROPERTY
No 4 St Paul’s Square, one of Liverpool’s most significant commercial office developments, has been put up for sale by the English Cities Fund for £23.3 million, it has been reported.
A flagship site in Liverpool’s commercial district, No 4 is an eight-storey grade A office building covering 109,000 sq ft and Merseyside’s first BREEAM building - the rating that reflects the environmental efficiency of buildings.
According to Place North West, agents GVA have been appointed to handle the sale of the site, which has an annual rental income of £1,932,938. Rental guarantees of two years are being offered on the vacant space within the building.
No 4’s tenants include Santander and CBRE, but the building is still less than 60 per cent let, including the whole of the second and fifth floors.
Gurminder Manak, director of investment at GVA, was quoted as saying: “GVA has been instructed to explore a potential disposal of 4 St Paul’s Square.
“A number of parties have expressed an interest, which is not surprising given that it represents the best in class office building and business environment in Liverpool.”
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